HubSpot (NYSE:HUBS) Stock Rating Upgraded by UBS Group

HubSpot (NYSE:HUBS) was upgraded by investment analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research firms have also commented on HUBS. Truist Financial restated a “buy” rating and issued a $900.00 price objective (up from $750.00) on shares of HubSpot in a research report on Thursday, February 13th. Macquarie initiated coverage on HubSpot in a research report on Monday, March 24th. They issued an “outperform” rating and a $730.00 price objective on the stock. William Blair reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. StockNews.com lowered HubSpot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Bank of America lifted their price target on HubSpot from $780.00 to $850.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $848.58.

HubSpot Stock Performance

HubSpot stock traded down $6.25 during mid-day trading on Wednesday, reaching $512.62. The company’s stock had a trading volume of 91,241 shares, compared to its average volume of 612,556. The firm’s fifty day moving average price is $657.04 and its two-hundred day moving average price is $659.76. HubSpot has a 12-month low of $434.84 and a 12-month high of $881.13. The company has a market capitalization of $26.73 billion, a P/E ratio of 5,707.07, a PEG ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts predict that HubSpot will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,382 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the completion of the transaction, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Halligan sold 8,500 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total value of $5,163,580.00. Following the completion of the sale, the insider now directly owns 527,233 shares in the company, valued at approximately $320,283,502.84. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,382 shares of company stock valued at $13,415,657 over the last quarter. 4.50% of the stock is owned by company insiders.

Institutional Trading of HubSpot

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Elequin Capital LP bought a new stake in HubSpot during the fourth quarter worth about $27,000. Larson Financial Group LLC boosted its position in shares of HubSpot by 168.8% in the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of HubSpot by 73.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after buying an additional 19 shares during the last quarter. Coppell Advisory Solutions LLC increased its position in HubSpot by 91.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after buying an additional 22 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in HubSpot during the third quarter valued at $25,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.